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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #137,661
  • Nov 27, 2015 3:12am Nov 27, 2015 3:12am
Looks ok VS. Good luck Bill. I will wait for a swing high/retrace on that one.

NZD/USD H4 DBHLC. Damn Late entry as I've just noticed it. Higher price to get in much preferred, but should be good for some pips. TA around 0.65000

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'Fail to plan, plan to fail'
  • #137,662
  • Nov 27, 2015 9:14am Nov 27, 2015 9:14am
Long on USDJPY on breakout on like marked with check sign (on H1). I did not enter on breakout of the candle as I would be in the middle of consolidation preceding. I moved to BE at PPZ line and now I was stopped.
Will see if it gets through. It is such a nice pinbar anyway...
Any comments or critics are welcome.
Have a nice weekend
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  • #137,663
  • Nov 28, 2015 8:00am Nov 28, 2015 8:00am
Quoting vanilla.sky
Long on USDJPY on breakout on like marked with check sign (on H1). I did not enter on breakout of the candle as I would be in the middle of consolidation preceding. I moved to BE at PPZ line and now I was stopped. Will see if it gets through. It is such a nice pinbar anyway... Any comments or critics are welcome. Have a nice weekend {image}
Great chart van what are your targets
  • #137,664
  • Nov 29, 2015 11:14am Nov 29, 2015 11:14am
Quoting Sa7an
{quote} Great chart van what are your targets
Hi Sa7an,
It was top of last swing.
Cheers.
Attached Image
  • #137,665
  • Nov 29, 2015 10:37pm Nov 29, 2015 10:37pm
CHF/SGD 4hr BEOB. Actually it's a combined 8hr BEOB.
Some confluence factors: BEOB on the Daily too, CHF is quite weak against some other currencies atm and SGD is quite strong against some others and most importantly significant downtrend.
Didn't see this one in time to get the 50% retrace but ok nonetheless. See how she goes....
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  • #137,666
  • Nov 30, 2015 1:48pm Nov 30, 2015 1:48pm
Quoting 666Doom
{quote} Hi Kershey, Although i trade my own method,but J16 stuff is base where i started. Its been a while ,since i have posted in this thread,but i'm sure my post will consolidate the material in this thread. What i am posting is basic PA rules and corresponds what has been taught in this thread. You see your USD CAD trade is against a big up trend in USD/CAD,considering that you must be ...
Subjectivity.
traded as D1 the 4H entry can be seen as a lower time frame entry
in a bigger picture.
After a pin at BRN 1.3300 and a trendline.
The pin at Nov 20 is no pin for me and a check of 1.3250
seems to be an reasonable target for partial TP.
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  • #137,667
  • Nov 30, 2015 1:51pm Nov 30, 2015 1:51pm
Quoting vanilla.sky
Long on USDJPY on breakout on like marked with check sign (on H1). I did not enter on breakout of the candle as I would be in the middle of consolidation preceding. I moved to BE at PPZ line and now I was stopped. Will see if it gets through. It is such a nice pinbar anyway... Any comments or critics are welcome. Have a nice weekend {image}

Maybe like the USD/CAD trade described before.

This pin is never worth the risk associated with it !
(yellow TL und red flip zone line).
  • #137,668
  • Nov 30, 2015 2:05pm Nov 30, 2015 2:05pm
Quoting Bones
yea ,but whats your theory on why {quote} {image} {image} {image}
Just intuition.
In theory, the fact of the sharp decline afterwards suggests that many people are happy that someone took the other side of the trade.
But the thing is you dont see the decline before...thats why loosing pin.
  • #137,669
  • Nov 30, 2015 2:23pm Nov 30, 2015 2:23pm
Current trades.
EUR-CHF long and Gold short.
Trend follwoing buying/selling at a cheap price.

EUR-CHF had not much potential in my eyes, so closed it for a small gain.
Gold could develop into something nice.
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  • #137,670
  • Nov 30, 2015 2:40pm Nov 30, 2015 2:40pm
Well, entry missed by 0.2 pips.
entry 88.05
quote 88.042
spread 1.0
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  • #137,671
  • Nov 30, 2015 3:12pm Nov 30, 2015 3:12pm
Quoting Kershey
{quote} Maybe like the USD/CAD trade described before. This pin is never worth the risk associated with it ! (yellow TL und red flip zone line).
Agree. Thanks for your comments!
When now looking at trade it seems that it play well what might be luck only. From risk perspective one can see that entry should be taken after breakout and pullback.
Cheers.
  • #137,672
  • Edited 11:01pm Nov 30, 2015 3:15pm | Edited 11:01pm
Hi folks,

I am short on Gold Kershey. All the best with your trades.

XAU/USD H1 PB. Sell with trend.

Edit: stopped out for a loss. Will look to go short when price back at resistance around 1078-80 zone.

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'Fail to plan, plan to fail'
  • #137,673
  • Dec 1, 2015 12:55am Dec 1, 2015 12:55am
Overnight entry on NZDUSD. breakout at 2 x TL + PPZ. Nice win this time.
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  • #137,674
  • Dec 1, 2015 2:12am Dec 1, 2015 2:12am
Have been very busy guys.

Few trades taken yesterday..

AUDNZD

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EURGBP

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NZDCHF

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  • #137,675
  • Dec 1, 2015 2:18am Dec 1, 2015 2:18am
Quoting zamfir
Have been very busy guys. Few trades taken yesterday.. AUDNZD {image} EURGBP {image} NZDCHF {image}
Hi Zamfir,
Nice trades
For my eye AUDNZD and EURGBP are taken in high traffic. Do you agree? Are you taking this into consideration in your strategy?

Cheers.
  • #137,676
  • Dec 1, 2015 2:37am Dec 1, 2015 2:37am
Quoting vanilla.sky
{quote} Hi Zamfir, Nice trades For my eye AUDNZD and EURGBP are taken in high traffic. Do you agree? Are you taking this into consideration in your strategy? Cheers.
So what if there is high traffic? . The trades are working out just fine...
  • #137,677
  • Dec 1, 2015 2:42am Dec 1, 2015 2:42am
Quoting zamfir
{quote} So what if there is high traffic? . The trades are working out just fine...
Nothing really. I was only asking if you ignore it.
Thanks.
  • #137,678
  • Dec 1, 2015 2:44am Dec 1, 2015 2:44am
Quoting vanilla.sky
{quote} Nothing really. I was only asking if you ignore it. Thanks.
Yes, i ignore it.

you will eventually have to trade in consolidations/traffic ,because that's what markets do most of the time.

Pay attention to the S/Rs and Price action around them, then you wont fear traffic.
  • #137,679
  • Dec 1, 2015 3:30am Dec 1, 2015 3:30am
Quoting zamfir
{quote} Yes, i ignore it. you will eventually have to trade in consolidations/traffic ,because that's what markets do most of the time. Pay attention to the S/Rs and Price action around them, then you wont fear traffic.
Good to hear from you Zamfir. A quick question regarding your simple strategy if you don't mind....
How important for you is it to trade with the trend or does it have little bearing?

Bill
  • #137,680
  • Dec 1, 2015 3:34am Dec 1, 2015 3:34am
Quoting Bill618
{quote} Good to hear from you Zamfir. A quick question regarding your simple strategy if you don't mind.... How important for you is it to trade with the trend or does it have little bearing? Bill
Ahhh , the trend , which in reality is not really is your friend.

The main issue with trend is the moment you identify it , its over. So i never really try to identify it.

I just go with the price and its reaction to S/Rs.
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